UPDATE - Canaccord Genuity Downgraded Deckers Outdoor (DECK) to Hold; Int'l and Retail Become Clouded
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Price: $88.86 --0%
Rating Summary:
23 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
Rating Summary:
23 Buy, 21 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 25
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UPDATE - Canaccord Genuity downgraded Deckers Outdoor (NASDAQ: DECK) from Buy to Hold, price target lowered from $105 to $73.
Analyst, Camilo Lyon said, "Europe’s macro headwinds are crimping demand while negative international retail comps are alarming, since this is where the majority of new store openings are planned. While there were some positives of note (potential sheepskin price easing in 2013, strong trends in men’s/kids, good UGG spring sell-through), we are less sanguine about international growth prospects and see potential risk to current estimates as investments in brand building in the UK and Asia are needed and will take time to drive the brand’s penetration."
To see more ratings on DECK, Click Here
Analyst, Camilo Lyon said, "Europe’s macro headwinds are crimping demand while negative international retail comps are alarming, since this is where the majority of new store openings are planned. While there were some positives of note (potential sheepskin price easing in 2013, strong trends in men’s/kids, good UGG spring sell-through), we are less sanguine about international growth prospects and see potential risk to current estimates as investments in brand building in the UK and Asia are needed and will take time to drive the brand’s penetration."
To see more ratings on DECK, Click Here
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